Hema Sunkara Acquires Retail Asset In Irving For $3.94M With Broker John Paine
1500 Market Place Boulevard
Building Size
11,741 SF
Asset Type
Retail
Closing
Nov 20, 2025
AI
The property asset involved in this transaction is a retail space located at 1500 Market Place Boulevard in Irving. The total square footage of the property is 11,741, and the off-market guided pricing was $3,938,563.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,938,563
- Address: 1500 Market Place Boulevard
- Market: Irving
- Square Footage: 11,741
- Buyer: Hema Sunkara
- Broker: John Paine - Paine Restaurant Group - Marcus & Millichap
John Paine leveraged leftover buyers from a previous restaurant deal he had under contract, which facilitated his dual representation of both the seller and buyer in this sale.
Irving Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93